Karnataka HC dismisses appeal under Instruction No. 2/2015 for net tax effect below Rs. 2 lakh

The Karnataka HC dismissed the appeal due to the net tax effect being below Rs. 2 lakh, rendering it not maintainable under Instruction No. 2/2015. The appeal concerned recurring income tax, but the revenue retains the ability to assess the assessee independently of the court's decision.

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The Karnataka High Court dismissed the appeal as the net tax effect was less than Rs. 2 lakh, making it not maintainable under instruction No. 2/2015. The appeal was filed for recurring income tax, but the revenue can still assess the assessee in the future without being influenced by the court's order.

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